Bank Of America Files Patent For Cryptocurrency Storage

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Bank Of America Files Patent For Cryptocurrency Storage

Posted on August 24th, 2018 in Blockchain News by Ryan Warner

Bank of America has files for another patent for cryptocurrency storage in an enterprise environment.

BoA first applied for a patent in April of this year, and public documents from the U.S. Patent & Trademark Office show that BoA has further researched securing private keys for institutions.

Bank of America first proposed an online vault storage system in 2014 and this patent details how a computing device would manage blockchain encryption tags.

Bank of America has also filed patents for cold storage, and systems to facilitate cryptocurrency payments and real-time conversions.